Reconcilation

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Contributing Cover User spunky1
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Reconcilation

Hi

 

I'm trying to reconcile the bank for November, however I am $36.50 out.  I have checked everything against the bank statement and it all looks fine.  Have downloaded the general ledger and there is no single payment/withdrawal of this amount.  Where else can I look to find this difference?

 

Any ideas.

 

Thanks

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Ultimate Partner Geoff_
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Re: Reconcilation

Hi Sam

 

If it were me

1/. I would make sure that the opening Balance and Closing is the same as on your Bank Account.

 

2/. When I do a reconciliation I just do half a dozen entries at a time. I then can more easily pick up the offending entry.

 

3/. I would also check to make sure that my GST entries were OK and the actual cost coded into your books included GST if applicable.

 

Just a few thoughts which I hope will help you.

 

Geoff
Busselton Bookkeeping Service
MYOB Bookkeeping Partner, BAS Service Provider
Phone 08 9754 7680
Contributing Cover User spunky1
6 Posts
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New Zealand
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Re: Reconcilation

Thanks for this.  Very helpful !

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